Ripple\u2019s cross-border token has performed quite poorly over the last week, dropping by more than 7%.<\/p>\n
It just dipped below the psychological level of $1.00, and the analysts are split: some see this as a great buying opportunity, while others have declared the asset dead.<\/p>\n
Somewhat expected, XRP\u2019s pullback<\/a> to a 21-month low has infused panic across the community, while the pessimists have become more vocal. X user Crypto Bitlord, for instance, claimed<\/a> that the asset is \u201cbasically dead,\u201d adding that it has no future and \u201csomeone needs to fork it.\u201d<\/p>\n The post caused mixed reactions, with some members arguing that XRP still has a bright future ahead, but others agreed with the thesis and envisioned heavy bleeding.<\/p>\n X user Diana also chipped in, projecting<\/a> a drop to as low as $0.86 should the price decisively break below the $1 mark. On the other hand, they believe a strong reaction around that zone, followed by a reclaim of $1.036, could interrupt the bearish perspective and trigger a relief bounce.<\/p>\n Another crypto commentator who gave their two cents is ChartNerd. The X user opined<\/a> that XRP must reclaim the $1.02-$1.06 range, or it is likely to head further south.<\/p>\n Recent whale activity and other factors suggest that Ripple\u2019s native cryptocurrency could rebound in the near future. Earlier this week, Ali Martinez revealed<\/a> that large investors have accumulated over 380 million XRP (worth nearly $400 million at the time) in the span of just seven days.<\/p>\n This development reduces the number of tokens available on the open market and might trigger a price increase (if demand increases or remains constant). Additionally, it may encourage smaller players to follow suit, thus distributing fresh capital into the ecosystem.<\/p>\n Martinez provided another optimistic element, saying that XRP\u2019s TD Sequential indicator (on a monthly scale) has flashed a buy signal. He noted that on previous occasions, such a setup has been a precursor to a triple or even quadruple price surge.<\/p>\n It is worth mentioning that prior to that, the analyst outlined<\/a> $1.06 as a critical level, predicting a massive collapse to $0.62 if the price slips under it (as it happened).<\/p>\n The post Ripple (XRP) Just Dipped Below $1: Collapse Warning or Hidden Opportunity?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s cross-border token has performed quite poorly over the last week, dropping by more than 7%. It just dipped below the psychological level of $1.00, and the analysts are split: some see this as a great buying opportunity, while others have declared the asset dead. A Deeper Plunge Ahead? Somewhat expected, XRP\u2019s pullback to a […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-211870","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/211870"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=211870"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/211870\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=211870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=211870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=211870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Bullish Signals<\/h2>\n